The CFPB recently released for comment a proposed rule regarding arbitration agreements. The proposed rule would apply to providers of consumer financial products and services for lending, storing, and moving or exchanging money. The proposed rule is intended to (1) prohibit use of pre-dispute arbitration agreements designed to block consumer class actions and insert language notifying consumers of this prohibition, and (2) require submission of arbitral proceedings records to the CFPB. Comments are invited for 90 days after proposed rule is published. The rule would apply to agreements consummated 210 days after a final rule is published in the Federal Register.